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SEC to have a look at RIM’s books

Blackberry firm, Research In Motion (RIM), confirmed that the US Securities and Exchange Commission (SEC) has made an informal inquiry into the company’s stock-option grants and practices.

RIM is one of several hi-tech companies that have recently been subject to increased scrutiny over option practices.

The Canadian vendor recently said its original estimate of an accounting related charge on earnings of $25 – 45m will increase substantially because of additional errors found during the audit process.


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Polls

With Amazon and Google launching smart home initiatives, have the telcos missed out on their chance to cash in on this market?

  • Yes, Google and Amazon will now dominate this space (65%, 40 Votes)
  • Consumers won't have made up their mind (19%, 12 Votes)
  • No, Google and Amazon will not be able to replace the telcos in the mind of the consumer (16%, 10 Votes)

Total Voters: 62

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